Apple tries to recoup some losses - Analysis - 16-06-2022
Apple's stock (AAPL) rose in the intraday levels after announcing the US football season will be exclusively available on Apple TV starting 2023 in a 10-day deal valued at $250 million, with the stock marking a profit of 2.01%, or 2.67 points, settling at 135.43, with trading volumes surpassing 91.5 billion shares, above 10-day averages of 81.3 million shares.
The stock is trying to recoup some losses while venting off oversold saturation from the RSI, amid the dominance of the downward correctional short-term trend, with negative pressure from the 50-day SMA.
Therefore we expect the stock to return lower, targeting the support of 132.60, provided the resistance of 157.26 holds on.
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Expected trend for today: Bearish
| Symbol | Last | Change | Chg.% | ||
|---|---|---|---|---|---|
|
|
|
0.9679
|
0.0024
|
0.2501%
|
|
|
|
|
1.0787
|
-0.0033
|
0.3055%
|
|
|
|
|
18.743
|
-0.115
|
0.610%
|
|
|
|
|
81.880
|
2.586
|
3.261%
|
|
|
|
|
89.32
|
3.00
|
3.48%
|
|
|
|
|
1654.115
|
8.755
|
0.532%
|
|
